Non-interest (Islamic) liquidity management in the Nigerian non-interest banking: a legal study from the experience of Malaysia

Olayemi, Abdul Azeez Maruf and Hasan, Aznan and Ibrahim, Uzaimah and Buang, Ahmad Hidayat (2015) Non-interest (Islamic) liquidity management in the Nigerian non-interest banking: a legal study from the experience of Malaysia. SHR, SHARIAH REPORT (A Journal on Islamic Law, Banking & Finance), Malaysian Current Law Journal (MCLJ), 1. cxxvii-cxl.

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Abstract

One of the major potential challenges before the nascent non-interest (Islamic) banking product in Nigeria is the absence of adequate and viable Shariah-compliant instruments of liquidity management. The availability of the instrument is a sine qua non in the banking system. Conversely, Malaysia being the global hub of the Islamic banking and finance has successfully developed viable instruments for the management of Islamic liquidity. The Malaysian instruments are comparably in juxtaposition with that of the conventional system in terms of sophistication and development. The article advocates for the adoption and adaptation of the Malaysian model of Islamic liquidity management instruments into the Nigerian banking system as a panacea. The research is a qualitative comparative legal study. It aims at proposing solution to the lingering problem of non-interest liquidity management in the Nigeria nascent non-interest banking product.

Item Type:	Article (Journal)
Additional Information:	2241/89356
Uncontrolled Keywords:	Non-Interest Liquidity Management, Nigerian, Malaysia.
Subjects:	BPH Islamic Economics
Kulliyyahs/Centres/Divisions/Institutes (Can select more than one option. Press CONTROL button):	Institute of Islamic Banking & Finance (IIiBF)
Depositing User:	Dr Aznan Hasan
Date Deposited:	06 May 2021 09:32
Last Modified:	06 May 2021 09:32
URI:	http://irep.iium.edu.my/id/eprint/89356

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